This is Arthur Brooks of the American Enterprise Institute for Townhall.com.
The free enterprise system is certainly not perfect, but is has pulled two billion people away from starvation since I was a child in the 1970s.
And yet, capitalism is still a dirty word all over the world.
It’s because, historically speaking, until only a few hundred years ago, the truth was that when the rich got richer, the poor really did get poorer. Me having more meant you had less.
With capitalism, for the first time in human history, we have an economic system that is what we can call “positive sum.” What it means that everybody can have more. Nobody loses.
Proponents of capitalism have failed to explain this and they’ve failed to explain why it matters. It matters because capitalism pulls people out of poverty.
We should all be morally dedicated to using capitalism always, everywhere, every single day to the good of people who have the least in society, the people who have the least power.
I’m Arthur Brooks.